Fuel Security

Elysse Morgan speaks to Matt Halliday about the $83.5 million rescue package aimed at keeping Australia’s last two remaining oil refineries open.

watch the video at: https://www.abc.net.au/news/programs/the-business/2021-02-23/ampol-boss-refuses-to-rule-out-lytton-oil-refinery/13185254

Extracted in full …
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Viva Energy’s Corio refinery may soon be the only only left in Australia after Ampol’s Lytton refinery in Brisbane unveiled a $145 million loss for 2020.

The news has prompted …
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Ampol may need more than double the interim subsidy of 1¢ a litre to keep its Brisbane refinery running after a $145 million loss at the plant last year, which …
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A heavy loss at its only refinery saw Ampol suffer a 38 per cent dive in benchmark profit as the petrol and diesel supplier continues a review of the plant …
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Scott Wyatt has a big decision to make. He could be the last hope for keeping Australia’s oil refinery industry running.

The boss of Viva Energy — which runs 1250 …
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Queensland Energy Minister Mick de Brenni has vowed to put politics aside and work with the Morrison government to ensure the Lytton oil refinery in Brisbane – which will be …
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Australia is ludicrously, irresponsibly, culpably, madly unprepared for any serious external national security emergency where the Americans don’t ride to our ­rescue.

Take two critical examples: cargo ships, and fuel …
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The pandemic has accelerated refinery closures globally as refiners and oil majors acknowledge that some sites have become permanently uneconomical amid depressed refining margins, fierce regional competition, and expectations of declining road …
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Australia’s fuel security is becoming an increasingly imminent challenge for the country as another refinery closes in Melbourne. With the country’s already high import bill climbing, experts are beginning to …
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In the space of four months, Australia has lost half of its remaining oil refineries.

In October, BP announced it was closing its Kwinana oil refinery in Perth and converting …
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